Roger Talermo Named New Chairman for the Board of Footbalance System Ltd
HELSINKI, Sept. 23 /CNW/ - Roger Talermo, Master of Economic Sciences and Doctor of Physical Sciences h.c., has been elected as the new Chairman of the Board for Footbalance System Ltd. Talermo, current President of the Finnish Olympic Committee, previously served as CEO of Amer Sports, one of the leading sporting goods companies in the world.
"Footbalance System is an interesting and internationally growing company, whose product has a clear global demand. I am delighted to bring my experience and expertise to a company with an intriguing story and great potential to grow into a significant player in the sports equipment market," says Talermo.
Talermo has chaired boards of several sports industry companies in Europe, North America and Asia. Footbalance's founder and majority owner Erkki Hakkala confidently hands over the position of Chairman to Talermo.
"Roger brings our company over 30 years of experience in the international sporting goods industry. In addition, he has very strong expertise in the challenges and opportunities that Finnish companies face in
North America. The North American market is one of the major markets for Footbalance now and in the future as well," Hakkala states.
Top of Form
Footbalance System develops innovative custom-molded insoles that can be individually molded on the spot at sporting goods retailers in less than 10 minutes at a customer-friendly price. Launched in 2006, Footbalance has since grown from a domestic Finnish company into an international player whose
products are currently sold in 16 countries on three different continents.
The company's global headquarters are in Helsinki, Finland, with a subsidiary in San Diego, U.S.A. In the beginning of 2010 a Swedish private equity company Scope invested 7 million Euros to Footbalance System.
About Scope
Scope Growth II L.P. is a private equity fund that, together with entrepreneurs, invests in building internationally relevant, Nordic-based companies that have unique, commercially-validated business models. As an active owner, Scope partners with managements to create companies with internationally scalable platforms that support sustainable growth. Scope currently manages two funds with aggregate capital in excess of 1.2 billion Swedish kronor. For additional information, visit http://www.scope.se.
Learn more: http://www.footbalance.com
For further information: For further information:
Footbalance System Ltd, CEO Antti Pihlakoski, mobile +358-400-408-064, Founder and CTO Erkki Hakkala, mobile +358-50-368-7715
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